Gasoline Market Analysis on May 20

Gasoline Market Analysis on May 20

International crude oil closes

Gasoline price index

On May 20, China's 92 #gasoline price index was 8997.56, up 0.06, or 0.01%; China's 95 #gasoline price index was 9301.45, up 0.83, or 0.01%. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 303.89.

Gasoline Market Analysis:

Today, China's gasoline market is stable, medium and strong. Among them, the low-end price in Central China has been increased by 20 yuan/ton, and the high-end price of gasoline has been lowered by 100 yuan/ton; the low-end price in Northeast China has been increased by 30 yuan/ton, and gasoline prices in other regions have been mainly stable. The ex-factory prices of local refineries have both risen and fallen, with low-end prices in Shandong and East China increasing by 10-20 yuan/ton; the low-end prices of 92 gasoline in Northeast and North China increasing by 50-100 yuan/ton, and the high-end prices of 92 gasoline in North China increasing by 160 yuan/ton; the high-end prices in Shandong and Central China were lowered by 30-60 yuan/ton, and the low-end prices in Central China were lowered by 30 yuan/ton. At present, the transaction atmosphere in China's gasoline market is moderate. International crude oil has closed up, cost-side support has strengthened, and the mentality of the middle and lower reaches has improved. Replenishment is still maintained at a low level, mainly in need of procurement. The pressure on performance of the main units at the end of the month has increased, and their willingness to support prices is relatively weak. International oil prices closed higher, with local refinery shipments showing mixed performance, with prices rising and falling.

market outlook

At present, expectations of production cuts and Federal Reserve interest rate cuts are factors of greater concern to the market. The instability of the Palestinian-Israeli situation still exists, but today the market lacks guidance on important events. Crude oil prices continued to rise overnight, which was good for the bearish game. The purchasing and selling atmosphere in the gasoline market is relatively mild, and the enthusiasm for purchasing in the middle and lower reaches has turned around. Demand for gasoline in the Chinese market lacks holiday support, and demand performance is relatively weak. Coupled with the increasing pressure on refinery performance at the end of the month, the gasoline market lacks upward momentum. On the whole, China's gasoline market is expected to remain stable in the short term.